Ppl are not as rich as they think they are.
Bonds having a bad year.
If they weren’t in energy stocks.
There stocks they are holding are down 20%-90%.
Now gold and silver dropping.
There house is next.
Al this in the face of 30% real inflation.
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Replying to
Yeah it’s rough. Unloading lower interest bearing bonds gotta be sad.
I really think housing is going to hold up well. People want to live somewhere during all this.
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It’s only the beginning and more inventory is popping up . Housing will not hold . Nobody is buying like they were with 6-7% interest rates. It’s a slow moving process …
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Replying to
It’s amazing how many people think their house won’t be nest to drop lol . I know realtors in south Florida saying their are bulletproof down there and the housing market won’t be affected . They are in for a huge surprise ;)
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